Paradise Company Ltd releases its June financial results showing it has experienced a decrease of 80.8% with approximately $11.52 million. It is from the South Korean casino operator year-on-year gross revenue aggregation.
According to global gambling reports, the figure for the 30-day month represents a decline of 53.6%. It was detailed by the firm as to compare with the $24.45 million revenue for May. Furthermore, it is for an accumulation of six-month tally; it is 41.4% lower at just $171.71 million.
June Financial Results Disappointments
Paradise Company Ltd is also responsible for hotel-casinos in the cities of Seoul, Jeju and Busan explains its June financial results as a disappointment. According to sources for online casinos, its June revenues from gaming tables plunged by 82.2% year-on-year to around $10.11 million.
The figure for its slots also drops by 56.2% to just over $1.42 million. This puts the six-month number for table games some 41.7% lower at about $159.97 million. Besides the slots at $11.74 million representing a corresponding diminution of 37.7%
Ongoing Pandemic Implications
Paradise Company Ltd runs the giant Paradise City integrated casino resort. It is near the city of Incheon but was purposely shutter for four weeks from March 23. It is part of the nationwide effort to curtail the coronavirus pandemic.
The operator is also obliged to indefinitely close some of its venue’s non-gaming facilities for the second time. According to some reports, it is from Wednesday, after the country is up with 54 new cases of the highly-contagious ailment. It has a cumulative total of almost 13,000 since the breakout.
Continuous Concern on Public Health and Safety in South Korea
The Korean Centers for Disease Control and Prevention reports the record of 12,904 cases in South Korea with 282 deaths. The Paradise Company Ltd proclaims closure of Paradise City to participate in the government’s quarantine program. It is to be able to reduce and prevent instances of the potentially-deadly illness.
Also, in South Korea, according to sports news, it will allow some spectators to start attending sports events. This is amid the threat of the coronavirus pandemic; the entry of fans into sports stadiums will have a limit.
